How Xero Cloud Accounting Can Save Your NPO Money and Improve Efficiency
Running an NPO comes with unique financial challenges, from managing tight budgets to ensuring every cent is accounted for. Traditional accounting systems can be costly and time-consuming, eating into resources that could be better spent on achieving your mission. Fortunately, Xero Cloud Accounting offers a modern, cost-effective solution that can streamline your NPO’s finances and […]
Enhancing Accounting and Compliance for NPOs
In the evolving landscape of non-profit operations, maintaining robust accounting practices and ensuring compliance are critical for success. At Turning Point Chartered Accountants, we understand the unique challenges NPOs face in these areas. This article delves into the importance of accounting and compliance for NPOs and how leveraging technology and expert guidance can transform their […]
Mandatory IT3(d) Reporting for PBOs: Compliance Made Simple
The South African Revenue Service (SARS) has recently been on a drive to modernise and simplify tax processes. This evolving best practice of third-party data requirements has been extended to include Public Benefit Organisation’s (PBO’s), enabling SARS to develop an efficient process in granting Section 18A (S18A) deductions to taxpayers and help prevent claims abuse.